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March 13, 2019

DIW Lecture on Money and Finance

The International Transmission of Monetary Policy: Evidence from the International Banking Research Network


March 13, 2019
11.15 to 12.30 p.m.


Claudia Buch

Claudia M. Buch Vice President, Deutsche Bundesbank

Welcome by Lukas Menkhoff | Head of Department International Economics at DIW Berlin
Moderation by Dorothea Schäfer | Research Director Financial Markets at DIW Berlin

International economic policy discussion centers around the volatility of capital flows and the impact on exchange rates, asset prices, and credit. Banks continue to account for a large share of capital flows intermediated across borders. Thus, for central bankers and other policy makers, understanding the transmission of monetary policy (shocks) into bank credit is particularly important. To analyze these processes, the “International Banking Research Network” (IBRN) was founded in 2012. Professor Claudia M. Buch, who is now Vice President of Deutsche Bundesbank, is a co-director of this network from the beginning. In her lecture she will introduce into the IBRN, present current research results and conclude with broader lessons for policy evaluation.

To register, please confirm your participation by March 12, 2019 at

Claudia M. Buch is a leading scholar and policy-maker on financial stability and macroprudential policy. She has extensively published influential studies also on international macroeconomics, monetary economics, international banking, foreign direct investments and related issues. In May 2014, she was appointed Vice President of the Deutsche Bundesbank. In this capacity she is Central Bank Deputy at the G7 and G20, member of the German Financial Stability Committee, member of the Committee on the Global Financial System and representative at further international committees. Prior to that she was President of the Halle Institute for Economic Research and member of the German Council of Economic Experts (Sachverständigenrat). Before that she was Professor of Economics at University of Tübingen and held various leading positions at the Kiel Institute for the World Economy.

About the DIW Lecture on Money and Finance

The DIW Lectures on Money and Finance bring together representatives of government, legislatures, the financial sector, think tanks, and academia to discuss how policy makers and monetary authorities can create policies and regulations that foster a more sustainable and stable financial system. Together with the speaker, we will debatequestions revolving around crucial challenges for modern central banking, financial market regulation and stability and sustainability of financial systems.

The DIW Lecture on Money and Finance is organized by Hans-Helmut Kotz (Harvard University and SAFE Goethe University Frankfurt), Lukas Menkhoff, and Dorothea Schäfer.


Dorothea Schäfer
Dorothea Schäfer

Research Director Financial Markets in the Communications Department

Lukas Menkhoff
Lukas Menkhoff

Senior Research Associate in the Macroeconomics Department